The compound interest on Rs 10000 for 2 years at 4 per annum the interest being payable ha...........

Quantitative Aptitude ( CCS) Compound Interest

The compound interest on Rs 10000 for 2 years at 4% per annum, the interest being payable half yearly, will be

Rs 912.86

Rs 828.82

Rs 824.32

Rs 636.80

$A=10000\left ( 1+\frac{2}{100} \right )^{4}$

$=>10000\left ( \frac{51}{50} \right )^{4}$

Since Interest = 10824.3216 – 10000 = Rs.824.32
Hence option 3 is the correct answer.

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